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Making world heritage truly global: the culture certificate scheme

  • Bruno S. Frey
  • Paolo Pamini

Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a tradable Certificate. Countries and private firms are induced to seek sites where financial resources can be spent most productively. This leads to an efficient allocation of resources to preserve World Heritage.

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File URL: http://www.iew.uzh.ch/wp/iewwp419.pdf
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Paper provided by Institute for Empirical Research in Economics - University of Zurich in its series IEW - Working Papers with number 419.

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Date of creation: Jun 2009
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Handle: RePEc:zur:iewwpx:419
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  1. Margaret Insley, 2003. "On the option to invest in pollution control under a regime of tradable emissions allowances," Canadian Journal of Economics, Canadian Economics Association, vol. 36(4), pages 860-883, November.
  2. Bruno S. Frey, 2001. "Inspiring Economics," Books, Edward Elgar, number 1895.
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  4. Frank Krysiak, 2008. "Ex-post efficient permit markets: a detailed analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(4), pages 397-410, April.
  5. repec:cup:cbooks:9780521586399 is not listed on IDEAS
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  7. V.A. Ginsburgh & D. Throsby (ed.), 2006. "Handbook of the Economics of Art and Culture," Handbook of the Economics of Art and Culture, Elsevier, edition 1, volume 1, number 1, December.
  8. Rizzo, Ilde & Throsby, David, 2006. "Cultural Heritage: Economic Analysis and Public Policy," Handbook of the Economics of Art and Culture, Elsevier.
  9. Victor Ginsburgh, 2001. "Economics of arts and culture," ULB Institutional Repository 2013/1869, ULB -- Universite Libre de Bruxelles.
  10. Lluis Bonet, 2003. "Cultural tourism," Chapters, in: A Handbook of Cultural Economics, chapter 23 Edward Elgar.
  11. David Throsby, 2003. "Cultural sustainability," Chapters, in: A Handbook of Cultural Economics, chapter 22 Edward Elgar.
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